According to the Guardian, an emergency meeting brought together the 20 top clubs to discuss the rule change that would end transactions involving pre-existing business relationships.
Newcastle and Manchester City were both opposed to the vote, with Magpies chief executive Lee Charnley insisting the move was ‘illegal’ and anti-competitive.
However, Manchester United, Chelsea, Liverpool and Villa all joined forces with the rest of the league as the vote passed at 18-2.
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The rule change will only be in effect for a month, but many Premier League sides are pushing for it to become permanent.
A working group will now be created to look at solutions and Newcastle has reportedly been invited to join.
The news comes after clubs spoke out on the Saudi-backed takeover last week, in which 19 clubs questioned why the controversial deal was signed.
Despite concerns over Saudi Arabia’s human rights record, the Premier League has agreed to a consortium led by the Public Investment Fund to take control of a 305 million deal of pounds sterling.
However, the League released a statement claiming it had legally binding assurances that the state would not control St James’ Park.
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